00:03
Peter Dunn
So I was stepping into the shower this morning sorry for the visual, everybody. Stepping into the shower break. Damon kristen. I got uncomfortable. So, guys, I was getting in the shower this morning after a three mile run, which isn't the point of the story, but I did want you to know that around 05:00 a.m. Anyway and end, I'm wetting myself. But not, like in an inappropriate way. What's the pre rinse? Is it called a pre rinse name?
00:31
Kristen Ahlenius
This is getting worse.
00:32
Peter Dunn
No, you know what I mean.
00:35
Damian Dunn
Were you rinsing yourself before you rinse yourself?
00:38
Peter Dunn
Well, no. You're either wetting yourself, getting wet in the shower what do you do before you soap up? What's that period of time called? What are you rinsing? It's a pre rinse or a wedding.
00:52
Damian Dunn
Let's go with weding. I like wet. Let's go with weding. It's not soaking.
00:57
Peter Dunn
All right. So I'm wetting myself in the shower, which is how to cure athletes foot odly, too. But anyway, I'm wetting myself in the shower and I look down and grab my soap and I'm thinking, okay, it's going to be some Irish Spring, some Lever 2000, some Dove, something traditional. And every once in a while, mrs. Planner puts an artisan soap in there, right? So I respond like, what am I going to smell like today? So I start lathering up the temple here, and it's cinnamon soap. I smell like Christmas today. If you came up to me dame and nuzzled into my neck today, I smell like fireball. Which is weird. I've got a lot of responsible things today. And I smell like cinnamon. That's kristen, here's the thing. It really smells like though, when I was a kid, we had a bathroom spray that was cinnamon flavored in, like, our half bath.
02:08
Peter Dunn
And so when you use the spray people know when you use the spray, then it smelled of that. And that memory just came rushing back to me as I was trying to clean myself in the shower. Hello, everybody.
02:21
Damian Dunn
Are you a bar soap family?
02:24
Peter Dunn
Yeah. Interesting. Well, Mrs. Planner and I are I think the kids might be gels. I don't know. What are mean? Is this too intimate?
02:37
Damian Dunn
Unless we're talking about application, no, but.
02:40
Peter Dunn
Do you use a loofah?
02:41
Damian Dunn
Yeah, I do. Little exfoliation.
02:48
Peter Dunn
I'm not comfortable asking Kristen what she.
02:50
Damian Dunn
Let'S skip that one.
02:52
Kristen Ahlenius
Yeah. This is a financial show.
02:54
Peter Dunn
Okay, look, I know I got some problems, about a thousand memories I got to forget, but I'm going to solve them. Maybe I'll take all the help I can get.
03:04
Damian Dunn
Who was that from?
03:06
Peter Dunn
I thought I'd make a Morgan Whalen reference to you guys today just to surprise you.
03:09
Kristen Ahlenius
I'm in shock.
03:11
Peter Dunn
I did that on purpose. I set up the whole story just so I could deliver that line in a mediocre way.
03:18
Kristen Ahlenius
I'm impressed.
03:19
Peter Dunn
Oh, hi. We were off last week, so your life was a little better both as the co host and the listener. Your life was better last week because we didn't have a show. Kristen, how's your life? How's it going?
03:32
Kristen Ahlenius
It's better now. Thank you for asking.
03:35
Peter Dunn
Yes. Kristen almost was unable to join us this week. Dame, a little landscaping incident nearly took down the flagship. Can you help us understand what you've heard, Dame?
03:46
Damian Dunn
I understand it was all hands on deck or in the dirt, whatever you want to say, but there was a shortage of Internets at Kristen's house.
03:56
Peter Dunn
Kristen chopped her Internet cable in half and then had it replaced by a young man. Thank God for him. What was his name? You don't know the technician's name that kept our show on the no, I.
04:10
Kristen Ahlenius
Don'T, because I thought he said Caleb, and it wasn't. It was like, almost like Caleb, but I still didn't understand what he said the second time, and I didn't feel like I could ask a third time. So it's a name like Caleb, but it wasn't.
04:24
Damian Dunn
So pro tip here, kristen, you could have just said any name, and we never would have known. And you seemed like a complete genius. And he's not going to listen to this show, so he never would have known. So you just say a name.
04:34
Peter Dunn
Does he use bar soap or gel? Okay, here's what's on the show this week. We are going to play a little game. It's a game. It's a thing. It's a bit it is. What is your least favorite financial metric and what is your favorite financial metric? The three experts on the show, or shall I say the two experts in me, will go around, and we will share those thoughts with you. We will also possibly talk about the debt ceiling today, although potentially that becomes pointless if the deal is signed in the next couple of days. Also talk about a new study that just came out, and it said 43% of Americans, only 40%. Three of Americans have confidence in their ability to retire. So we'll talk about that and then so much more. You guys ready to start the show?
05:23
Kristen Ahlenius
Ready.
05:24
Damian Dunn
Let's go.
05:25
Peter Dunn
I know people feel traumatized by the whole soaping incident of 2023. What's your preferred scent when you get out of the shower? What do you want to smell like? Dame? I bet you want to smell like cedar and, like, a light tar pine.
05:40
Damian Dunn
Forest, something like that. Yeah, that'd be great.
05:43
Peter Dunn
I also don't want to ask this question of Kristen. Okay. Not tar. Yeah, I'm back to lavender. I would just rather just always smell like lavender.
05:56
Damian Dunn
See, I like vanilla. But you had mentioned Irish Spring earlier, and it's been a hot minute since I've gotten a good whiff. Irish Spring. I think that might be nice.
06:06
Peter Dunn
Smells so good. Okay, let's do a show. My parents are so proud of me. I'm sure they are. You got to think so.
06:16
Damian Dunn
You got to keep telling yourself that. At least.
06:18
Peter Dunn
In three, two, one. This week on the Pete the Planner show, we answer your money questions. Here's how the show works. Email us, askpete@petetheplanner.com that's askpete@peteheplanner.com, and we will answer your questions sometimes. Joining me, as always is Kristen Ahlenius, the director of education at Your Money Line, and Damian Dunn, vice president of advice at Your Money Line. Hello, folks.
06:45
Kristen Ahlenius
Hello.
06:45
Damian Dunn
Good day, Pete.
06:46
Peter Dunn
Memorial Day weekend in central Indiana, which means on our flagship station WIBC, no one's hearing this because we're preempted by the Indie 500 on network Indiana. Good day to you because we don't know when you're listening. And to our podcast listeners, congrats on being part of the 1% top podcast in the world. Dame, there's a lot of financial metrics out there, right?
07:13
Damian Dunn
There are indeed.
07:14
Peter Dunn
Like if you go up to someone on the street and you're like, hey, man, I don't know why you'd use that voice, but let's say you did. Hey, man, how's it going? Financially, someone is making an evaluation about your question based on a feel. But sometimes a metric that they view to be important, sometimes that metric might be their income, it might be their bank balance. It might be more specified or specialized things like net worth or credit score, whatever. So today we're going to talk about what is your favorite metric and what is your least favorite metric. I can talk today to evaluate a person's financial life. So let's begin with the negative because that's how we roll. What is your least favorite financial metric? We're going to begin with youthfulness and spirit.
08:06
Kristen Ahlenius
Kristen, I'm just going to say it first and then I will defend my position. I think that it's net worth.
08:15
Peter Dunn
Okay. Net worth. Net worth. Do we want to go around and then get them out and then defend?
08:20
Damian Dunn
Okay.
08:21
Kristen Ahlenius
Yeah, I like that.
08:21
Damian Dunn
Sure, let's do that.
08:22
Peter Dunn
All right, Damien Andrew Dunn from the north.
08:27
Damian Dunn
Should I give my address and Social Security number so people can just go ahead and complete the financial hacking of my life?
08:34
Peter Dunn
Okay, I put it in the show notes.
08:35
Damian Dunn
Thank you. The worst metric is I don't know if you'd even consider it a metric, but judging your financial acumen or whatever we're going to call it by your retirement balance, I think is a big mistake.
08:50
Peter Dunn
Okay. And I'm going with credit score. Okay. So Kristen, first of all, Dame, do we disagree with Kristen? I'm going to say I kind of disagree with Kristen. I wouldn't even put it in my top bottom five. Top bottom think.
09:10
Damian Dunn
I think what we're going to run into here is on both sides of the aisle except for one specific answer because I already know what it's going to be and we all would have chosen it. But since whatever, we could all poke holes in everybody's choices here. So I think there's going to be some that are better, some that are worse, and it's not going to be quite as clean cut as we would hope it would be net worth for the worst financial metric. To judge your financial life by, I think is a very interesting choice, and I'm waiting to hear how Kristen defends.
09:51
Kristen Ahlenius
Does it. I know what it tells you, but what can you do with that information alone?
09:59
Peter Dunn
That's a fair question. It's a sort of a point of time. It is. Okay, what am I going to do about it?
10:07
Kristen Ahlenius
Yeah, you're like, okay, my net worth is maybe you hit milestones and that's exciting, but without other ratios, other numbers, other information, I don't really see a whole lot of value in it.
10:20
Peter Dunn
Well, a couple of things. Any piece of data you could say the same thing about. I mean, you literally could make that argument about any piece of data. But I would say to argue with you in a very professional way, but with love is one level, what you would want to do is compare it with your income and sort of have those play off of each other or your age and how much money you've earned in your career, or if it's negative, why? So I think it's with all these metrics, what questions do they so? So beyond it being a point in time, kristen, are you thinking more of a positive net worth is uninformative? Or when you think about this idea being uninformative, are you thinking more for people with a negative net worth?
11:13
Kristen Ahlenius
I think maybe negative, and that could be just my bias. At the point that I am in my career and my friends in my circle, I can think of a lot of people in my life who net worth would make them feel like they were really off track, but I don't think that it captures their reality accurately. So for those people who it does make sense for them to use it. I love it, but I don't think that group of people is enough.
11:39
Peter Dunn
On the off chance that someone's riding around in their car with their family and they got a young teen in the car with them. Number one, I apologize for the inappropriate jokes that will eventually come. Number two, net worth are your assets minus your debts. And so what you get there at the end is your net worth. If you have more assets than debts, you're going to have a positive net worth. If you have more debts than assets, you're going to have a negative net worth. Dame, any reflection on Kristen's thoughts here?
12:07
Damian Dunn
I think net worth is an interesting tracking tool. It's not something that I personally focus on much on a day to day, certainly not day to day, but maybe even quarter to quarter. I just know that it's something that I'm going to keep tabs on and see how things are going. But there's so many things that are out of my control that influence net worth that it makes it a potential metric to look at that could be inadvertently discouraging. Just because if you looked@your.net worth a year before the pandemic and right as it started, you didn't do a darn thing about it, but you had a massive change in your net worth, was that necessarily a reason to throw flags up in the air and say, it's all burning down? We got to figure something out because my net worth is dropping. Well, we found out no, it's not.
12:59
Damian Dunn
So it's just another number, another way to judge how you are doing. And like I said, hopefully on a long term basis, you're using that information to just set benchmarks as you're going.
13:10
Peter Dunn
I think none of these should ever be viewed as an in isolation point of time. They should always be tracked over time. Kristen I'm curious. Do you calculate your net worth on at least annual basis?
13:22
Kristen Ahlenius
Yes.
13:23
Peter Dunn
Okay. Damien yeah, me, too. Okay. Dame by the way, there are no bad answers here.
13:31
Kristen Ahlenius
Yeah, there are.
13:32
Peter Dunn
Other than Christians, there are not a single I'm just kidding. Dame retirement account balance.
13:39
Damian Dunn
Yeah, I don't like there is a lot of comfort that can be assumed when you look at a retirement account balance, if it's where you think it needs to be, but that doesn't tell you very much at all. How dependent are you on that income? How is it invested? What's the longevity of that fund set up to be? It can be almost, in my opinion, a set of false sense of hope for you. If you look at it and you've got this number in your mind, whether it's the million dollars or whatever that most people have set up, million dollars is great. It may not be anywhere close to what you actually need in reality, and you may be setting yourself up for a much bigger problem in retirement if you aren't well aware of where that number needs to be.
14:29
Peter Dunn
We need to do a show. We need all the whole show because it's a very difficult topic to talk about appropriately, and the topic is why $1 million isn't a lot of money. And I can feel the email and the privileged accusations flowing. Can we do that in the next couple of weeks? I mean, that's an entire show.
14:50
Damian Dunn
If you guys want to do it next week, that'd be great when you're out.
14:54
Peter Dunn
Lovely. Dame do you check your retirement account balance at least once a year?
15:00
Damian Dunn
Yeah, once a year.
15:01
Kristen Ahlenius
Kristen I check it, like, once a week.
15:04
Peter Dunn
Okay. And I check mine at least once a year. Okay. So here's what we're going to do. Coming up after the break, I'm going to tell you specifically why a credit score is the worst financial metric of all time. And we will begin my argument this way. Kristen, do you check your credit score at least once a year?
15:25
Kristen Ahlenius
Not intentionally.
15:26
Peter Dunn
Dame no. Me neither. And that's why I'm right. So coming up right after the break, I'm going to tell you specifically why none of us check it and because we know what we're talking about and you should stop checking your credit score as well. I'm Pete the Planner and this is the Pete the Planner show. Lay down the gauntlet. Laid it down.
15:48
Damian Dunn
I will be happy to point out that Kristen knew exactly what your best and worst were going to be when were kicking around ideas.
15:54
Peter Dunn
Of course she does. She knows everything. She knows everything about everything other than guessing. Biggest waste of money of the week. And this week she's going to fall flat on her face. Great.
16:07
Kristen Ahlenius
Awesome.
16:08
Peter Dunn
You guys. I have not talked to you much, although I saw you on Monday. It was so good to see you. Was sort of in passing. Unfortunately, no one passed. You know what I mean? No one died. But it was in passing because, you see, someone passed, it means they're dead. But we're all here. I forgot to tell you. I neglected to tell you. I've not been able to tell you. Our show may be getting a sponsor. What? Yeah. And now I can't tell you anything else about on the air. I'll tell you off the air.
16:43
Damian Dunn
Are we going to get like cool shirts that we have to wear or like a sleep number bed that we have to say, this is our number on the show and all that fun stuff?
16:53
Peter Dunn
What if it's like a head.
16:57
Damian Dunn
Mean? But if you say that's great. I've got direct use for that.
17:01
Peter Dunn
When's Kristen going to be a team player and get with the program? If we have the head razor.
17:07
Kristen Ahlenius
What?
17:07
Peter Dunn
What?
17:09
Kristen Ahlenius
No.
17:10
Peter Dunn
Natalie Portman in that one movie shaved her head and she looked amazing. Kristen, come on.
17:16
Kristen Ahlenius
Natalie Portman's net worth is much greater.
17:19
Damian Dunn
Than oh, but that's a horrible way to judge your financial life.
17:22
Kristen Ahlenius
Yeah.
17:23
Peter Dunn
I wonder what her credit score is. I should do a website. Celebrity credit scores. You would click on that, right?
17:36
Kristen Ahlenius
I would.
17:37
Peter Dunn
Okay. Is it rude to like yeah, that's rude. Never mind. We're not going to do that. We were going to be like, what celebrity has the worst credit score? That's a terrible thing to do. We shouldn't joke about people's financial malfeasance. You guys want to hear an awkward moment that occurred to me? Occurred to me earlier this week?
17:58
Damian Dunn
Always.
18:00
Peter Dunn
It was yesterday. Maybe I go out in our parking lot here. Oh, Julie Pengins is listening, ladies and gentlemen. Oh, my gosh. Hi, Julie. How are you? Good to see you. I'm going to use this voice for no reason. Okay. I go in our parking lot and a convertible bright red Ferrari is being backed out and there's a woman driving it probably. I don't know. I mean, I'm guessing women's ages is a terrible idea, but likely dame our age or older, a little bit older. Definitely a blonding that came with chemicals. This is feeling judgmental, but I'm trying to paint the picture. Okay, I shouldn't have started this way, but here's where I'm going. I'm following this person who happens to be a woman of a certain age with a certain hair situation. And I'm thinking to myself, man, I would love to know the story.
19:06
Peter Dunn
Just then, like, this really nice Porsche passes me. It's a guy driving it. I'm thinking, Man, I want to know that story. Like, why is that person driving that car and that person driving that car? Then a Hyundai Elantra passes me. I look over at it and I was like, I actually don't care what that person's story is. Is that wrong? That I wanted to know the story of the Ferrari driver and the Porsche driver, but then a Hyundai goes by and I was like, I don't care, it's probably going to get stolen anyway. Is that rude or is it honest?
19:40
Damian Dunn
I think you're just chasing the more likely, interesting story in your journalistic mind.
19:46
Peter Dunn
Thank you. Kristen, am I rude or am a journalist?
19:53
Kristen Ahlenius
You're honest.
19:56
Peter Dunn
Yeah. I'm not necessarily intrigued by wealth, but I'm intrigued by the story which led to the you.
20:07
Damian Dunn
There's a channel that's not a channel. There's a person on TikTok and they may have bled into, he runs up to car windows, people who are driving nice cars. Daniel Mack, and he says, hey, great car, do you mind telling me what you do? And if they engage, he kind of goes a little bit deeper and says, hey, what tips do you have for somebody who would love to drive a car like this based off of your profession? And sometimes there are some fun little stories there.
20:34
Peter Dunn
Absolutely.
20:35
Damian Dunn
I'm picturing you as the middle aged Daniel Mack.
20:40
Peter Dunn
Is he not middle aged?
20:41
Damian Dunn
No, he's in his twenty s. I.
20:44
Peter Dunn
Was doing a news hit this morning on News Nation and it occurred to me, I came up with a new line that I thought was pretty funny. We're talking about early retirement. And I said, I'm an expert. In fact, my hairline retired early. That's pretty funny. It's sort of a one liner. It's on the news. I mean, I'm not exactly at Crackers or Caroline's. It's an easy audience. People are eating their cheerios. I'm telling yucks, it's my hairline retired. Arley. Okay. It's cheap. I mean, it is a cheap laugh. And the worst part is it's one that I will now use forever.
21:20
Damian Dunn
Did the host laugh?
21:22
Peter Dunn
Yeah, but I mean, she's paid to laugh. She's paid to make me seem interesting. She was nice. Kelly something.
21:31
Damian Dunn
I love her.
21:31
Kristen Ahlenius
You could have just made up her.
21:33
Damian Dunn
Last name and we never would have known.
21:36
Peter Dunn
Wow. Okay, in three, two, one. Back on the Pizza Planner show, talking the worst financial metrics to measure yourself by. If you missed the first segment, what were you been doing? Go to the Pizza Planner podcast or wherever you get your podcast, and you can listen to the first segment, but I'll recap it for you to save you the time. Kristen says net worth. Dame says retirement account balance. And I let the cat out of the bag, and I said, Credit scores. Kristen, I want to tell you a little story yep. For it.
22:09
Kristen Ahlenius
Yeah, of course.
22:10
Peter Dunn
Years ago, when I had hair, I was in Chicago, the Windy City. I got done speaking, and a guy comes up to me afterwards. He said, Pete, great job. I was like, I know. He said, I have a credit score question for you. It's like, okay. And he goes, well, here's my thing. I got $90,000 in credit card debt. I have $4,000 a month minimum payment, but I have a 780 point credit score. Am I in a bad situation or not? And this guy made less than $200,000 a year. Okay? That is a terrible metric. That was higher than my credit score, and I had $0 in debt, zero minimum payment, and was in a much better position. But the credit bureau said, this person is financially healthier. This person is a better credit risk than me. Dame I've also closed a credit card that I wasn't using, and my credit score went down.
23:20
Peter Dunn
Dame I have at one time in a previous life, like a cat. I'm on life three. I increased a credit limit when I had a credit balance, so my usage ratio went down so I have access to more credit, and my credit score went up. These are all dumb things which lead me to say your credit score is a horrible measure of your financial health. Kristen, beat that up.
23:47
Kristen Ahlenius
I don't disagree in the examples that you are giving, but I think that when someone has a bad credit score, it can be a good metric because it's so many other things in your life rely on you having a good or a great credit score.
24:06
Peter Dunn
All right, I know I'm picking specifics, right? Which is unfair, right? But let's say we'll make up a person here. Let's say this person's name is Carrie Melaneous, okay? So it's Carrie Melaneous, and she has a 500 point credit score, and she is renting, and she just had a tough financial time, but she's got an emergency fund, she has no current debts, and she is saving money for the future. She's healthy, she just had a bad event, and therefore, she looks like a credit risk. I view it almost wholly misrepresentative of a person's actual financial stability. Damien, any nuance mean if we look.
24:57
Damian Dunn
At what credit scores are made up of, the two biggest components are kristen.
25:02
Kristen Ahlenius
Do you pay your bills on time? And how much credit do you use as a percentage of what's available?
25:08
Damian Dunn
Very good.
25:08
Peter Dunn
So I would have answered that wrong, by the way.
25:13
Kristen Ahlenius
He quizzes me like that.
25:16
Peter Dunn
Yeah.
25:17
Damian Dunn
So those are the two biggest things. If we can get those under control, because if you're not using very much of that credit, chances are you might be using dollars in an effective way outside of that, because you're not racking up debt. And it's likely that your credit score is going to be making good progress towards a higher score if you have just those two things under control. I agree. I don't like when people say, well, I've got seven whatever credit score, I'm in great shape. No, maybe not. It may have not have anything to do with that credit score, but we do know, based off of the two big motivating factors or driving factors of credit score, that if it's trending in the right direction or is maybe even reasonable. There might be some really good things going on in your life, or at least consistent and stabilizing things going on in your financial life.
26:08
Damian Dunn
Not a full sure thing, but it could be.
26:12
Peter Dunn
Yeah. The other weird thing is, and this is nuanced too, Dame, based on we're the same age and our lives are similar in this way. Your household owns a business, my household owns a business, so our credit worthiness is important. However, let's say that we didn't own businesses, but we had the same financial standing that we have. Our credit worthiness actually wouldn't matter at our age because you and I would never borrow money again, ever, for the rest of our lives. So that's the other I'm cherry picking, right? I'm cheating by having these special examples. Now, let's go turn it on its head. Best metric to measure your financial life. We're going to go around round robin. We're going to be quicker this round. Kristen, what is your metric?
26:57
Kristen Ahlenius
Real rate of return.
26:59
Peter Dunn
Real rate of return. Wow. Excited to hear know. Do we have time to explain what that is to me or am I going to have to chat PTP it and find out what it is? Dame, what about you?
27:10
Damian Dunn
Debt to income ratio, because it was the closest thing I could think of to the one that I really wanted to pick, which is pete's choice power.
27:16
Peter Dunn
Percentage is mine, of course. I choose one that I created. So we call that Narcissism in the business. Kristen, what did you choose? Real rate of return.
27:26
Kristen Ahlenius
Yeah. So your inflation adjusted rate of return, because if you're saving, you could be saving 10% for retirement, but you're terrified of the market and you have your investments in cash equivalents, are you really saving enough for retirement? And I think people kind of once you put the money in the account, sometimes you take a step back and you're like doing good and it's like, well, we see that all the time on the line. It's like, well, did you take that extra step to look into what it's invested in?
27:54
Peter Dunn
I have a dumb question. Kristen will know the answer. And if she doesn't, Dame actually probably won't either. Kristen, is that net investment fees as well, real rate of return? Or would you just have to Say real rate of return? Net investment fees.
28:10
Kristen Ahlenius
I don't think that it is. I think it's just inflation adjusted because The Formula doesn't have investment fees in It.
28:18
Peter Dunn
I love what you've said. Real rate of return. It's hard to even Try to poke holes in It. Dame. What could be more interesting is to net investment fees. On top of that, of course. Yeah. Kristen. So far, you're the leader in the clubhouse.
28:32
Kristen Ahlenius
Right on.
28:33
Peter Dunn
Dame talk to us about why debt to income ratio is good for you.
28:38
Damian Dunn
I Feel Like It's making sure you are spending your money in a very efficient way, that you are not racking up tons and tons of Debt and spending your Money, paying down that Money that you've already borrowed and racking up interest and whatever else Is going on and preventing you from Doing other really great Stuff. Building an emergency Fund, saving for retirement, saving for your kids education, whatever that case May be. Because if you're spending money on stuff you've already bought, you're not able to use that Money to build for your.
29:11
Peter Dunn
Future a debt to income Ratio. A General Rule of Thumb is to keep your overall debt to income ratio at or below 43%. So is it saying the percentage of your income that goes to pay on those debts? Is that what that is?
29:27
Damian Dunn
Yeah, it's monthly.
29:28
Peter Dunn
Okay. Mine's Power Percentage, which was this thing that Came up A few years Ago where It basically Says how much of your take home pay actually how much of your income, gross income is going To Increase Your net Worth. So that Might include A mortgage payment because as you pay down Principal, it Goes up. It might include A debt Payment which makes your income or your net worth go up. It might include 401K contributions, saving to an investment account, bunch of different Things. I created it for myself because Mrs. Planner busted my chops at annual money dinner several years ago. She Said, how do we do this year? I said, well, we saved X numbers of dollars more. She Go, well, how about from a percentage standpoint? And I was like, yeah, let me get back to you. And so then it just led to this idea that sometimes we think we're doing better, but we're really not.
30:29
Peter Dunn
And that's why I stand by the assertion that when most people get a pay raise this is a hot take. Be Ready. When most people get a pay raise, it actually takes them further away from their retirement goals. Isn't that a hot take?
30:45
Damian Dunn
Hot Take.
30:45
Peter Dunn
That might be another show. That could be an entire show. Let but we don't have time for It. Now here's what we're going to do. We're going to take a break. We're going to come back and talk about something else. And it'll be interesting. It'll be clever, and it will. Be captured on the Pete the Planner podcast, which you can download wherever podcasts are downloaded. I'm Pete the planner. This is Pete the Planner show. How many times can I say Pete the Planner in a row? Pete the Planner can't one, two not many. Kristen. Have you ever seen the original White Men can't jump movie?
31:15
Kristen Ahlenius
Yeah. And I got done watching it. Never mind.
31:19
Peter Dunn
Yes, the original.
31:20
Kristen Ahlenius
Yeah.
31:21
Peter Dunn
Okay. Judge in a moment. We're just gathering data.
31:25
Kristen Ahlenius
Okay, Dave?
31:28
Damian Dunn
Yes, of course.
31:29
Peter Dunn
Yeah. First horror movie I ever saw in theaters with my boys. We went, our moms let us go. And possibly one of the most iconic moments of my life, just seeing it from a culture standpoint of where I was 13 ish I don't know about. Right. It was amazing, and I loved it so much. And Kristen, your thoughts on this movie? Go ahead. It's okay.
31:57
Kristen Ahlenius
I'm not a movie person. Okay. So we'll get that out there.
32:01
Peter Dunn
Sure.
32:01
Kristen Ahlenius
I've not name a movie. I guarantee I haven't seen it.
32:04
Peter Dunn
Shawshank Redemption.
32:05
Kristen Ahlenius
Haven't seen it.
32:06
Peter Dunn
Okay.
32:06
Kristen Ahlenius
And I got done watching it and I said, that is 2 hours of my life that I'm never going to get back.
32:15
Damian Dunn
I would expect that from her, though.
32:16
Peter Dunn
Yeah, that's fair. Right? I get that. Okay. So it was with great trepidation that this morning at 330, when I couldn't sleep, I went downstairs and started watching the remake of White Man Can't Jump on Hulu, starring none other than Jack Harlow as the white man. And if you don't know, Jack Harlow is a hip hop artist from Louisville, Kentucky. I fancy him a talented musician. I love the original Terrified because I read the reviews of the remake. Damn. I liked it. I liked it. Really? Did you watch it? No, I liked it. Here's the other thing. I told you this about a year and a half ago on the show Fresh Prince of Bel Air, one of my favorite shows. Watch the remake. I liked it. But I hate remakes, so I don't know what to make of that. Is it just that age of my life?
33:18
Peter Dunn
Did they capture me in that 13 year old window where I'm like, man, I felt cool about myself. Now I'm a dad, and so am I. Just, like, thinking about nostalgia.
33:28
Damian Dunn
See, I would tend to go the other way, thinking that I've got that piece locked away and I remember how good I liked it or how much I liked it, how good it felt. And remakes, I can't go there. I don't want that to tarnish anything that I've got locked away.
33:50
Peter Dunn
Yeah. Chris I'm not saying it was a good movie. I'm just saying, like, it didn't bother me again.
33:55
Damian Dunn
That's true.
33:56
Peter Dunn
I was like, couldn't sleep. What's your current sleeping sound?
34:02
Damian Dunn
You listen to stretching for your run?
34:05
Peter Dunn
Yeah, right. Do you listen to sleeping sounds? Kristen?
34:10
Kristen Ahlenius
The king of Queens.
34:12
Peter Dunn
What? I understand that.
34:17
Kristen Ahlenius
I fall asleep with the king of.
34:19
Peter Dunn
Usually what if you would have given me 6 billion guesses wouldn't have come up with that. That might be the most shocking thing ever said on this program in nearly 500 episodes is what do you fall asleep to? King of queens.
34:38
Kristen Ahlenius
I don't even know what his name is. Paul Blart. Malcop. What's his actual name?
34:42
Peter Dunn
Kevin.
34:42
Damian Dunn
Kevin James.
34:43
Kristen Ahlenius
Kevin James. I like him.
34:46
Peter Dunn
Wow.
34:47
Damian Dunn
Supposed to be a funny show. You're supposed to be laughing. So how you try and laugh when you're falling asleep?
34:53
Peter Dunn
Dame, what is your oh, sorry.
34:55
Kristen Ahlenius
It's always the mean. The plot is the same in every episode. So even if you fall asleep, you know what happened? Doug messed up. Carrie was mad resolution. So it's fine.
35:07
Peter Dunn
You guys, there's an Inception moment. I just pulled up YouTube right now because I was going to tell you what I fall asleep to and our live show is playing on YouTube and I'm showing it. Oh my gosh, inception. Dame, what do you listen to?
35:26
Damian Dunn
Rick Steves on PBS. Little travel action there.
35:31
Peter Dunn
I'm currently on a YouTube channel called Dream Noise FM and it's various vintage Oscillating fans that play for 8 hours and it has like a hum to it. I'll play it for you right now, actually. I got to have to love me.
35:54
Damian Dunn
A good Panasonic FG 132 Oscillating fan.
35:59
Peter Dunn
So you're into this too or are.
36:00
Damian Dunn
You making no, I'm totally making fun of you.
36:03
Peter Dunn
It's amazing. I can't sleep without it now.
36:12
Damian Dunn
You know, you could just buy an Oscillating fan.
36:15
Peter Dunn
Shut up, Dame. I'm not looking for good ideas. I kind of want to because I run hot at night. Yes. That's why I have to shower with cinnamon soap.
36:27
Kristen Ahlenius
Call back.
36:27
Peter Dunn
You missed the show. We started with my shower habits. Okay, do you guys want to do retirement confidence tomfoolery or do you want to do what do you want to do? You would do debt ceiling or do you want to do a news a debt ceiling feel like just run and we're going to be wrong in like 12 hours. I don't want to do that. What do you want to do?
36:46
Damian Dunn
Debt ceiling. They are going to find a solution, an agreement, whether it's today or whenever. And things will continue on that will continue to grow. And we'll be right back here in another year, two years, three years, whatever it is to be used as leverage for whatever parties in power to get more out of it. There's your debt ceiling talk.
37:07
Kristen Ahlenius
Done.
37:08
Peter Dunn
Okay, moving on. Someone wants to get to vacation.
37:13
Kristen Ahlenius
Guess we're talking about retirement then.
37:16
Peter Dunn
Okay, I'll pull up that article. And here it is. Let me turn back on my phone. Not to listen to sleep sounds, but.
37:28
Damian Dunn
Do you do you have headphones that you listen to that too or no.
37:35
Kristen Ahlenius
Way does everybody get to enjoy listen to that too.
37:39
Peter Dunn
The sound only enters my ear holes.
37:43
Damian Dunn
Okay, yeah, that's great.
37:46
Peter Dunn
Considerate I'm a generous partner. I'm sorry. Oh, man, I can't tell that story. Okay, dame, I'll tell you later. Sorry. Because I can't even tell.
38:06
Damian Dunn
Sorry.
38:08
Kristen Ahlenius
It's okay. Wait, are we talking retirement or the lack of financial independence? Both of those articles.
38:13
Peter Dunn
Let's do retirement, please. Okay. Three, two, one. Back on the Pete the Planner show, gallup recently came out with a survey suggesting that pessimism about retirement has grown a lot this year. It's up 5% or down 5%. Pessimism up. Optimism down.
38:39
Damian Dunn
Sure.
38:40
Peter Dunn
43% of non retired adults think they will have enough money to live comfortably when they retire. Just 43% of people feel like they're going to have enough money to retire comfortably. 43% of people, that's the lowest level for that metric since 2012. It's actually fallen ten points in the last two years, so damn. You know, this is retirement. Confidence and retirement ability are two of my favorite topics, especially in relation to each other. Do you feel like this 43%? First of all, is it surprising?
39:24
Damian Dunn
I will say yes. I will say that 43% is surprising to me.
39:30
Peter Dunn
And in what way?
39:33
Damian Dunn
Well, you didn't ask me that. It's surprising me because I think it's accurate. I think it's pretty close to what the number should be. That 43% should be confident that they could retire comfortably. Was comfortably the word that was used, Pete?
39:55
Peter Dunn
Confidently, comfortably?
40:00
Damian Dunn
I think that's close ish kristen?
40:05
Kristen Ahlenius
I don't know. I don't know. I'm kind of surprised. I would have expected the number to be higher than that.
40:16
Peter Dunn
So here, I have a take. That is not fun. And Kristen, dame, this is our wheelhouse. We live and breathe this. So I have to share some expertise here. It's just uncomfortable. And it's that most people have no idea how they're doing financially. They just don't. They guess wrong. It's because they use the wrong metrics. As we talked earlier in the show, I would say that the actual level of people who are actually able to retire comfortably is significantly less than 43% in the year 2023. And here's why. Kristen, have you ever run a marathon?
41:06
Kristen Ahlenius
Only a half.
41:07
Peter Dunn
Okay, you've run a half dame, have you ever run a half marathon?
41:09
Damian Dunn
No.
41:10
Peter Dunn
Okay, I've run a half marathon. So, Kristen, this is just between you and I. Boo.
41:14
Kristen Ahlenius
Right on.
41:15
Peter Dunn
I don't know. I said boo. I saw in a movie.
41:17
Kristen Ahlenius
I liked it.
41:18
Peter Dunn
White men can't jump, too. Kristen, you and I run a half marathon. Let's say that you're in mile three and your hip starts locking up. It starts raining, you're running uphill, and the water station has no water. You are in distress. Things are bad. How do you feel about your ability to finish the race?
41:46
Kristen Ahlenius
Not good. At mile three, I should be feeling great.
41:49
Peter Dunn
Yeah. So, Dame, people just got hit in the face with inflation, the economy at large, fears over the debt ceiling, and a stock market that has not recovered. So isn't it natural that this came down? I'm not saying you're suggesting otherwise, but the fact that it's gone down ten points in two years makes a lot of sense because people are running uphill in the rain with a side stitch.
42:14
Damian Dunn
No, yeah, no, it totally makes sense that the number has come down. I would argue that those who still feel confident probably are a little bit more in tune with their overall finances than the people that got shook out that came down off of that in that 10% number. So I think the number that is reflected now is likely more accurate than it otherwise would because of what we've come through the last three to five years.
42:44
Peter Dunn
Kristen, what percentage of people do you believe think they are good dancers?
42:52
Kristen Ahlenius
About a third.
42:55
Peter Dunn
Okay. Third of people. Dane, what do you think?
42:57
Damian Dunn
Is this people sober or people drunk, whatever? Sober. I think it's probably 20% and drunk? I think it's like 80.
43:10
Peter Dunn
I would argue that it's 43%. I would argue that 43% of people think they're a good dancer. Okay. My point is it's perception and reality.
43:22
Kristen Ahlenius
Bingo.
43:25
Peter Dunn
First of all, the word comfortable is loaded and Dane pointed that out too. Right. That's a tough one because what is comfortable to one isn't comfortable to the other. And sometimes when people think about retirement they go less than comfortable and accept that as comfortable. I have found when it comes to projecting decades into the future and evaluating stability, that's just really hard to do. And your confidence should actually be lower than it is in most cases.
44:00
Kristen Ahlenius
Yeah, I hadn't gotten an opportunity to interject that thought, but I do think it's perception and reality and the decrease since I don't remember what the other 21 yeah, that 10% decrease shows us that the people that then didn't report the same level of confidence were not basing that on reality. Because if you're still doing the right things, shouldn't you have the same level of confidence that you can have a comfortable retirement?
44:27
Peter Dunn
Damn. Okay, well here's a different angle to what she just said. And by she, I mean Kristen Alanius, director of education at your Money dame. What are the chances that some of those 10% of people fell out? Are people who are fine, they're just anxious but they're fine?
44:43
Damian Dunn
Yeah, absolutely. That's very likely. Well, some of them for sure fell out because of anxiety issues around that.
44:52
Peter Dunn
But.
44:56
Damian Dunn
Such a loaded question on a number of fronts and I just don't know how we appropriately account for all this. I mean we don't even know what the sample was that was taken because if I go and ask this question to folks in their 30s, they're probably going to give a completely different answer because of their perspective than somebody who gets asked in their mid 50s on this. I'm looking right now a weird question.
45:27
Peter Dunn
Okay.
45:29
Damian Dunn
We have data.
45:30
Peter Dunn
Data time. All right. Men. Who's more confident in their ability to retire? Men or women? Men at 50%. Women. Proving once again women are smarter than men. Ages 18 to 29. Higher than 43% or lower than 43%. Kristen?
45:52
Damian Dunn
I'm going to lower.
45:54
Kristen Ahlenius
Lower.
45:55
Peter Dunn
Higher. Wow. That's 30 to 49. Higher or lower than 43%?
46:04
Damian Dunn
I will say higher.
46:06
Kristen Ahlenius
Lower.
46:07
Peter Dunn
38% and 50 to 64. Higher or lower?
46:13
Kristen Ahlenius
Higher, but barely 43%.
46:16
Damian Dunn
Exactly.
46:18
Peter Dunn
Okay, so this is where it gets interesting, too. How much time do we have? Enough. Lower income folks are at 19%.
46:26
Kristen Ahlenius
Really?
46:27
Peter Dunn
Middle income folks. And I think this is the category to care about. Not because I don't care about the others, because I do, but I think it is actually the most indicative of what's going on is 36% and upper income, where I think a lot of overconfidence persists, is 65%. Okay, one last factor. College graduates 57%. Not college graduate. Fascinating fun with studies. Boop it up. Damian, were all off last week from the show, so you've had two weeks to compile. I didn't have time to put together a stinger.
47:10
Kristen Ahlenius
I think we just stole a jingle.
47:12
Peter Dunn
We may have. Okay, here's what we're going to do after the break. We're going to come back on this show after the commercials, and we're doing biggest waste of money of the Week. Damien, were all off last week from the show, so you've had two weeks to compile. Amazing news. You're off next week, so we're going to make Kristen do the news next week. So this better be an amazing news segment. And I have to say, I may have tripped upon one of my favorite biggest waste of money of the weeks in a while. I feel like they've high quality Bloms this year. High quality. And this one is up there. So, Kristen, prepare to embarrass yourself with a bad guest. Dame, prepare to find something that you looked up earlier this week. I'm Pete the Planner, and this is the Pete the Planner show.
48:08
Peter Dunn
Sometimes the fan noise, they'll do, like, a blended fan noise where it's like several fans and then like a radiator, like a radiant heat. Heat. And it's like a chorus, and it is amazing.
48:27
Damian Dunn
Okay.
48:28
Peter Dunn
You know what goes wrong sometimes, though, is every once in a while, an ad will pop up in the middle of the video. And so I'm like, having a dream about dame, like shaving my arm, something normal or something, and then at Rent a Kill, and it's like, what in my ear?
48:48
Damian Dunn
Have you seen this trend about people taping their mouths shut?
48:52
Peter Dunn
Have we talked about this on the show?
48:54
Damian Dunn
No. Maybe it was a show. I wasn't here, but no, I don't think we have.
48:59
Peter Dunn
I've looked into that.
49:01
Damian Dunn
It's interesting.
49:02
Kristen Ahlenius
Very.
49:03
Peter Dunn
And then I read a scientific study that said it's hogwash balder dash. But it's a study. I mean, a study can say anything. People think they're 43% of people think they're going to retire all the time.
49:15
Damian Dunn
Who paid for the study? Pete, who paid for the study? The anti tape machine company.
49:20
Peter Dunn
Flonaise glue company? No, because they anti tape. Interesting. Kristen, would you tape your mouth shut upon going to bed at night?
49:32
Kristen Ahlenius
If I thought that I would get higher quality sleep, I would.
49:36
Damian Dunn
Dame, I'm interested, but I've got all this stuff around my mouth, and I just don't know how that's going to work.
49:44
Peter Dunn
And then, of course, once you click on it, then all the ads are served to you. And that podcast was like, I used to use three M tape, and it's like, okay. And then now uses this, like, black rubber tape, what they call it? Hostage tape. Yeah.
49:58
Damian Dunn
I think it's just kinesiology tape, but I could be wrong.
50:02
Peter Dunn
Guys, are you ready for bomb? What time is it?
50:04
Damian Dunn
I am so ready for Bomb.
50:07
Kristen Ahlenius
I'm not ready for bomb.
50:09
Peter Dunn
I got to get going here. Stop it.
50:13
Damian Dunn
Jeremiah's at the track. He's not paying attention to us.
50:19
Peter Dunn
This week's biggest waste of money of the week, right here on the Pete the Planner show is the world's most expensive ice cream. Let me do this. Let me just pull it up. There it is. Okay. Three, two, one. This week's biggest waste of money of the week, right here on the Pizza Planner show is the world's most expensive ice cream. It has an unusual ingredient list, including parmigiano, Reggiano cheese, sake, KASU, a paste like substance created during sake production, edible gold leaf and white truffles sourced exclusively from Alba, Italy. The name comes from those signature white truffles, which can sell for quite the pretty penny. Development took over a year and involved Chef Tadayoshi Yamata of Rivy, a French Japanese restaurant in Osaka, Japan.
51:10
Damian Dunn
Nice job.
51:10
Peter Dunn
Can I have a timeout here? Yeah, we do time out for a good job for the pronunciation. Yeah. Thank you. I practice. Here's the side note. Get on Instagram this week. Two of my cousins who are related to each other, obviously, but not brothers, are randomly in Osaka, Japan. This week. I was just like, what are you guys doing? They're, like, young and know those people, and they're handsome.
51:36
Damian Dunn
Are you sure they're related?
51:37
Peter Dunn
Here's the thing. Kristen, have I ever talked to you about my family? My extended family is so attractive. Dame, have I talked to you? I've talked to you about this, haven't I? Dame?
51:50
Damian Dunn
I think it's come up.
51:52
Peter Dunn
So attractive. So attractive. And I'm not. So family gatherings are it's like, oh, there's Pete after the industrial accident. That's our cousin Pete. Anyway, let's continue. The decadent treat arrives with a metal spoon handmade by Takuchi Craftsman using techniques and materials taken from Temple and Shrine Construction. This is one scoop, one standard scoop, which is 4oz. Oh, no, 4oz. One scoop of gelato, as they call it. Not gelato. They call it biakuya ice cream. So the pronunciation went to crap there. Kristen, how much for a scoop of the world's most expensive ice cream? Oh, my standard scoop is going to be, what, $4 for ice cream? Is getting expensive. So it's like, $4. Maybe a scoop.
52:54
Damian Dunn
Dave, I guess maybe in your neck of the woods.
52:58
Peter Dunn
Well, it is in my neck of the woods. Kristen, how much do you think for this scoop? Dame?
53:10
Damian Dunn
I have no idea.
53:15
Peter Dunn
What if I told you that it is $6,380 for a scoop of ice cream?
53:25
Kristen Ahlenius
That's insane. I mean, it took a professional chef a year, so I knew it was going to be crazy, but then I thought you were trying to throw me off. It was a whole thing.
53:34
Peter Dunn
Wow.
53:34
Damian Dunn
I zoned out the year part because that just looks ridiculous, and I'm sure it doesn't taste good to me at all.
53:41
Kristen Ahlenius
Parmesan.
53:42
Peter Dunn
Dan, what's in the news this week?
53:44
Damian Dunn
What if you bought that ice cream after you had COVID and it just doesn't taste like the way the chef envisioned? I mean, there's so much at play here that it may taste great to them, but to you, it tastes like Pete's armpit.
53:59
Peter Dunn
I don't know what it smells like. Lavender. I used a lavender deodorant.
54:04
Damian Dunn
Cinnamon. Use cinnamon today.
54:06
Peter Dunn
Yeah.
54:07
Damian Dunn
In 2019, HGTV sparked a new era of Brady mania with its special a very Brady Reunion. HGTV stars, including the series hosts, worked alongside the Brady Bunch cast members who played the six Brady kids to meticulously recreate a replica of the original set design inside the legendary home in North Hollywood. HGTV invested $1.9 million and added 2000 property's original footprint, including a full second story standout. Features in the completed home include the iconic floating staircase, burnt orange and avocado green kitchen, the kids Jack and Jill bathroom, and a backyard swing set, teeter totter and Tiger's dog house. Though the for sale house doesn't come with all the decor from the special, the interiors, for the most part, remain untouched since the renovation. Pete, if you haven't seen this thing, it is truly amazing. If you want to walk back in time and get a little hit of nostalgia, check it out.
55:04
Damian Dunn
The listing price for the house is.
55:09
Peter Dunn
$4 million.
55:11
Damian Dunn
Kristen already knows because she's the one that pointed this out to me. Five and a half million dollars to own the Brady house.
55:18
Peter Dunn
Great show. Yeah. Top ten for me.
55:23
Damian Dunn
Oh, think so.
55:25
Peter Dunn
I watched a lot of Brady Bunch. I used to dominate at Brady Bunch trivia on the Brady Bunch trivia circuit.
55:33
Damian Dunn
On the circuit.
55:35
Peter Dunn
It was a small circuit.
55:36
Damian Dunn
Does it come with a satin jacket and big old logo?
55:41
Peter Dunn
Time to change. You've got to rearrange that's a song from the ready bunch.
55:47
Damian Dunn
That was the one.
55:48
Peter Dunn
That was it Peter that had the that was great. Peter had the changing voice. Time to change. Yes. What else is in the news?
55:58
Damian Dunn
Check fraud might seem old fashioned in the digital area, but it's era. Sorry, era, but it's on the rise. As criminal gangs become increasingly sophisticated. Theft of checks mailed through the US. Postal services jumped significantly over the past 18 months. In 2022, banks filed 680,000 check fraud reports, according to the Financial Crimes Enforcement Network of the Treasury Department. That's almost double the 350,000 fraud reports filed in 2021. In 2018, however, check fraud made up 47%, or $1.3 billion, of bank fraud losses, a jump from 789,000,000 in 2016. Paper checks are on the decline, but are still widely used. Americans sent 11.2 billion checks in 2021, down 7.2% from 2018. Kristen, when was the last time you sent a check?
56:52
Peter Dunn
Oh, here we go.
56:55
Kristen Ahlenius
I have only sent like two checks in the last maybe five years, and they were for my HOA because I had no other option.
57:04
Peter Dunn
Okay, I get the reason you brought this up. I hand deliver my mortgage payment via check to my bank every month, and I'm okay with that. I have no problem with that. I take time out of my busy day as the chief executive officer of a tech company to go pay my mortgage in person, and I will die on that hill for just probably another how many payments? Probably 65 more payments.
57:34
Damian Dunn
Do you get a sucker? When are you going?
57:37
Peter Dunn
I see where you're going with that. I'm the sucker.
57:43
Damian Dunn
Thousands of small time real estate investors face a wallet whopping housing bust seeking to earn a return without the work of being a landlord. These people invested their money with real estate syndicators who purchase apartment rental buildings using the pooled funds once powered by low interest rates and in some parts of the country, rising rents and escalating property values. Many have come under financial pressures and hold properties they can no longer afford. The investors have few legal protections. For example, syndicators in many cases aren't required to regularly update them on buildings financial performances. And investors have no say over spending. Some who lost their investment never knew the properties were in trouble until they were near foreclosure. Kristen, this goes to our general line of thinking that real estate is tough and it is way more complicated than most people realize. And trying to find a way to cut corners by being a part of a syndicate don't always work.
58:46
Kristen Ahlenius
My full disclosure, I'm not even really sure I know what a syndicate is.
58:50
Peter Dunn
You've never watched Mission Impossible? Ghost Protocol? The syndicate is a group of criminals worldwide. Is that oh, it's different.
59:02
Damian Dunn
Syndicate dame similar concepts. It sounds like similar concept.
59:06
Peter Dunn
No. Well, here's the thing. Anytime you hear a commercial and yes, I realize that commercials will play in 1 minute, that when something is oversimplified like real estate or gold or crypto and currency or protected investments, it's not that it's simple. There's a lot of fine print and it's very difficult if it's a complicated thing and it's made to seem easy so that it is approachable to you, it is in fact not for you. And I think a lot of times with those real estate syndicates, that's what ends up happening.
59:41
Damian Dunn
I agree.
59:42
Peter Dunn
Circle gets the square. Kristen. You've ever seen Hollywood Squares?
59:45
Kristen Ahlenius
Yes.
59:46
Peter Dunn
Wow. Okay. I don't know if you say Happy Memorial Day and respectfully, I don't know what you say, but I hope you're able to celebrate and remember those we've lost. So anyway, kids, have a good weekend. Sending you good vibes. Because good vibes are all that's in the budget. I'm Pete the planner. This is Pete the Planner show. I don't know what you say. You know what I mean?
01:00:10
Damian Dunn
It's a great point. I'm not sure either.
01:00:16
Peter Dunn
Okay, I'm done. Good luck. I got something. All right, dame. Have a great vacay. Thank you, Kristen.
01:00:30
Damian Dunn
See you next week.
01:00:33
Peter Dunn
See you next week. All right, everybody else stay getting money.
